NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES EARLY DECLARATION OF REGULAR MONTHLY DISTRIBUTION

Rhea-AI Summary

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) has announced an early declaration of its regular monthly distribution for February 2025. The Fund will distribute $0.0312 per share of common stock, payable on February 28, 2025, with a record and ex-date of February 6, 2025.

Under its level distribution policy, the Fund plans to maintain this monthly distribution rate, subject to market conditions. However, the Fund notes that distribution continuity depends on various factors, including investment income stability, capital gains availability, leverage costs, and Fund expenses. The distributions may comprise net investment income, realized capital gains, and return of capital, with final tax characteristics to be determined after year-end 2025.

Positive

• Consistent monthly distribution policy maintained at $0.0312 per share

Negative

• Distribution sustainability depends on multiple uncertain factors
• Distributions may include return of capital, which could reduce investor's cost basis

News Market Reaction

-0.14%

1 alert

-0.14% News Effect

On the day this news was published, NRO declined 0.14%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Jan. 13, 2025 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") has announced an early declaration of the Fund's regular monthly distribution payable in February. The $0.0312 per share of common stock distribution announced today is payable on February 28, 2025, has a record date of February 6, 2025, and has an ex-date of February 6, 2025.

Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.0312 per share of common stock, unless further action is taken to determine another amount. There is no assurance that the Fund will always be able to pay a distribution of any particular amount or that a distribution will consist of only net investment income. The Fund's ability to maintain its current distribution rate will depend on a number of factors, including the amount and stability of income received from its investments, availability of capital gains, the amount of leverage employed by the Fund, the cost of leverage and the level of other Fund fees and expenses.

The distribution announced today, as well as future distributions, may consist of net investment income, net realized capital gains and return of capital. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2025 will be made after the end of the year.

About Neuberger Berman

Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $509 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman's investment philosophy is founded on active management, fundamental research and engaged ownership. The PRI identified the firm as part of the Leader's Group, a designation awarded to fewer than 1% of investment firms for excellence in environmental, social and governance practices. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of September 30, 2024.

Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund's investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

Contact:                                
Neuberger Berman Investment Advisers LLC         
Investor Information 
(877) 461-1899

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SOURCE Neuberger Berman

FAQ

What is NRO's February 2025 distribution amount per share?

NRO's February 2025 distribution amount is $0.0312 per share of common stock.

When is the record date for NRO's February 2025 distribution?

The record date for NRO's February 2025 distribution is February 6, 2025.

What is the payment date for NRO's February 2025 distribution?

The payment date for NRO's February 2025 distribution is February 28, 2025.

What factors affect NRO's ability to maintain its current distribution rate?

NRO's distribution rate depends on investment income stability, capital gains availability, leverage costs, and Fund expenses.

What can NRO's monthly distributions consist of?

NRO's monthly distributions can consist of net investment income, net realized capital gains, and return of capital.